Double Declining Balance Depreciation Calculator
The adjusted basis is equal to the asset’s original basis minus accumulated depreciation. For a $5,000, five-year asset, the first-year depreciation would be $2,000 (40 percent of $5,000). In year two, the basis would be adjusted to $3,000, and double declining balance method the depreciation expense would be $1,200 (40 percent of $3,000). This article will provide an overview of the straight line and declining
March 1, 2023
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